Norway-based TMC Compressors has won a contract to supply a marine compressed air system for a floating production, storage, and offloading (FPSO) unit under construction by Japan’s MODEC. The post MODEC’s FPSO destined for Brazil to sport Norwegian compressors appeared first on Offshore Energy.
Taking the next step in the development of green hydrogen hubs, Norwegian company GreenH has selected compatriot Nel ASA as the technology provider for its projects in Kristiansund and Slagentangen. The post GreenH making strides in developing green hydrogen projects appeared first on Offshore Energy.
Norway’s marine construction and operations player Ocean Installer, a wholly owned subsidiary of Moreld […] The post Large contract win gives Ocean Installer more work with Vår Energi appeared first on Offshore Energy.
European shipping emissions surged last year to their ‘highest’ level since official monitoring began […] The post T&E: EU Shipping emissions climb to record peak despite decarbonization efforts appeared first on Offshore Energy.
Aberdeen-based Zoex Power has concluded Phase III of its Ordu project, having collected three […] The post Zoex Power completes third phase of wave energy trials (Video) appeared first on Offshore Energy.
London-based INEOS Energy has signed a long-term agreement with U.S. energy company Kinetik Holdings, under which the latter will supply natural gas to Europe. The post INEOS turns to US gas to bolster Europe’s supply resilience appeared first on Offshore Energy.
India should adopt Japan’s contracts-for-difference (CFD) model to help make green hydrogen projects bankable and accelerate final investment decisions, according to Amrit Singh Deo, Senior Managing Director at FDI Consulting and advisor to the India Hydrogen Alliance (IH2A). Speaking on a gasworld/H2 View webinar, he explained that the bottleneck in projects reaching FID is not due to lack of demand, but bankability. “The answer is simple, it’s offtake – guaranteed [long-term] offtake,” he said. “Without offtake guarantees, no project is going to be bankable.” IH2A has recommended that India’s government adopt Japan’s CFD framework to overcome this financing barrier. CFDs are long-term contracts where a public agency compensates producers when market prices fall below fixed strike price, providing guaranteed revenue. “We’ve asked the Government of India to actually replicate the Japanese CFD model,” he said.… Read More »India urged to adopt Japan’s CFD model to unlock green hydrogen
Air Products believes it could still proceed with its paused $4.5bn blue hydrogen plant in Louisiana, US, according to its CEO. Speaking during the industrial gas firm’s Q4 results, Eduardo Menezes said although the development would not go ahead without an offtake agreement, there may be a way to make the project bankable. The Louisiana development was announced in 2021 with plans to produce up to 1,700 tonnes of blue hydrogen per day and convert it into ammonia. Investors viewed the project as risky because of speculative offtake agreements and Air Products’ plan to retain responsibility for CCS and ammonia synthesis. After Menezes became CEO earlier this year, Air Products paused spending on the development in May as it explored options to de-risk it by firming up offtake and looking to offload the CCS and… Read More »Air Products sees potential path forward for paused Louisiana blue hydrogen project | Air Products News
Classification society American Bureau of Shipping (ABS) and the Korean Agency for Technology and […] The post US-South Korean partnership seeks to ‘streamline’ smart vessel technologies appeared first on Offshore Energy.
Preliminary seismic and geotechnical surveys of the seabed have been completed at the Baltic […] The post Preliminary seabed surveys completed at Orlen’s Baltic East site offshore Poland appeared first on Offshore Energy.